Michael McGrath (Cork South Central, Fianna Fail)
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51. To ask the Minister for Finance when a new chief executive of Allied Irish Banks will be appointed; the steps that have been taken to date in the process; and if he will make a statement on the matter. [10610/15]

Michael Noonan (Limerick City, Fine Gael)
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Following the announcement of the resignation of Mr David Duffy, the attention and focus of AIB has turned to recruiting a new Chief Executive Officer. With that in mind, I agreed  at a meeting with the Bank's Chairman, Mr Richard Pym, that it is in AIB's best interest that the process to recruit a new Chief Executive would begin without delay with a view to having someone with the calibre, skills and drive to lead AIB in place by end Q2 2015. 

Since this meeting AIB has completed the recruitment of external consultants and has also advertised the role on the bank's website. Mr Pym has also agreed to keep me updated as the selection process develops and is confident that the board will be in a position to recommend a new Chief Executive to me within the coming months.